Segment Reporting

3 Months Ended

May 03, 2025

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

The Company is managed at the consolidated level and therefore operates and reports as a single segment. During the first quarter of 2025, the Company’s Chief Executive Officer was its Chief Operating Decision Maker (“CODM”), and the measure of profitability included in the financial information regularly provided to the CODM was total Company Operating Income. The Company’s CODM assesses Operating Income performance in comparison to forecasts and historical results to make decisions on the reinvestment of profits into the business and capital allocation strategies.

The following table illustrates significant segment expenses that were regularly provided to the CODM for the first quarters of 2025 and 2024:

	First Quarter
	2025		2024
	(in millions)
Net Sales	$	1,424	$	1,384
Cost of Goods Sold	(509)		(509)
Buying and Occupancy	(269)		(269)
Gross Profit	646		606
Selling Expenses	(256)		(247)
Marketing Expenses	(49)		(45)
General and Administrative Expenses	(132)		(127)
Operating Income	$	209	$	187

As a single reportable segment entity, the other disclosures required by ASC 280, Segment Reporting, can be found in the Company’s Consolidated Financial Statements and the Notes thereto, including the Company’s measure of segment assets, which was total consolidated assets.